Document Type : Research Paper
convergence speed, Iranian Provinces, law of one price, pair-wise approach, price-level convergence.
Professor of Economics, Semnan University
Assistant Professor of Economic, University of Mazandaran
Social cohesion represents the interaction and linkage of the society, is a most important reason of different institutional performance to achieve economic development. The purpose of this paper is to estimate social cohesion and the relation of social cohesion with economic development for 85 selected developed and developing countries in 2010. In this research the social cohesion index have calculated based on “fuzzy” logic and “social capital” and “equality of opportunity” components using MATLAB. As factors affecting social cohesion cannot be easily quantified, Fuzzy logic is a way to work with imprecise variables. The result of this research shows positive and significant correlation between social cohesion and economic development components.
JEL Classification: O10, O57, P36, E24